Madkat. It is a dilemma whether to take up the rights offer. I...

Madkat. It is a dilemma whether to take up the rights offer. I have made huge losses on this stock already so would it be placing good money after bad?
The hint they give of a possible takeover is maybe just bait- it certainly smells fishy.
Their medium to long term sales forecast seems fraught with uncertainties.Who is going to spend money on internet security in the global financial crisis?
The cash raising of $2mil or so is likely to buy them only 12 months operating capital.
The cash raising could not be at a more inopportune time with a bear market and so much uncertainty.
A demon of a dilemma or a madkat offer?!